Seeing the same in Calif. We have family members trying to buy a house and even though they offer way over asking, they still get beat out by folks even willing to go more nuts over asking. If I were to put my house up for sale with the below view, what I would get would be nuts. But then where would I live with such a back yard?Yep. My neighbor had a signed contract for his new roof (not with Tesla) and solar. Last Fall when they were about to start they came to him and said their costs for lumber for the roof had gone up by $6,000, and they were willing to eat $2,000, but he needed to give them the $4,000 extra for the cost of the sheeting (he had wood singles). They said he could get someone else if wanted. My neighbor checked into it and verified they were giving him a deal so he went ahead.
Covid and Millenials getting to the age where they want to buy a house and get out of rentals have impact things in weird ways. We just went through the home buying process in Texas and we were seeing offers shoot from "only" $60,000 over asking to $120,000 over asking and all cash.